Proposing a constitutional amendment to reserve to the people the powers of initiative and referendum.

This bill proposes a constitutional amendment to give Texas voters the direct power to propose new laws or constitutional changes through petitions (known as "initiative"). To qualify, petitioners must submit a $1,000 fee (refundable if successful), provide two voter representatives' details, and ensure their proposal covers only one topic. The Texas Legislative Council would review petitions for constitutionality and proper form, while the Legislative Budget Board would assess fiscal impacts with a detailed cost analysis for the first five years. If approved, the proposal would then go to voters for a statewide vote.